Quora’s $50 million
The question and answer site Quora just announced that it recently closed a $50 million series B financing which valued the company at $400 million. Usually, the purpose of a large funding round like this is clear; Square, for example, raised a bundle of cash because they’re attempting to accelerate growth with expensive marketing and by giving away hardware dongles. With Quora, the purpose is less clear. There are only so many things you can do with raw cash to accelerate the growth of a question and answer community. So why would they raise so much? How could they raise so much?
Shayndi Raice, at The Wall Street Journal:
Mr. Heiliger said one of the key reasons he invested in Quora is because of his friendship with Mr. D'Angelo and Mr. Cheever when they worked together at Facebook several years ago.
“I know Adam and Charlie and think highly of both of those guys,” Mr. Heiliger...
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